Answer:
Explanation:
Balance Sheet
//2017// % // 2016 // % // 2015 //%//
Cash
//$31,800// 6% // $35,625 // 8% // $37,800 //10%//
Accounts Receivable
//$89,500// 17% // $62,500 // 14% // $50,200 //13%//
Inventory
//$112,500// 22% // $82,500 // 19% // $54,000 //14%//
Prepaid Expenses
//$10,700// 2% // $9,375 // 2% // $5,000 //1%//
TOTAL CURRENT ASSETS
//$244,500// 47% // $190,000 // 43% // $147,000 //39%//
Plant Assets
//$ 278,500// 53% // $ 255,000 // 57% // $ 230,500 //61%//
TOTAL NON CURRENT ASSETS
//$278,500// 53% // $255,000 // 57% // $230,500 //61%//
TOTAL ASSETS
//$523,000// 100%// $445,000 // 100% //$377,500 //100%//
Accounts Payable
//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //
TOTAL CURRENT LIABILITIES
//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //
Long Term Notes Payable
//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //
TOTAL NON CURRENT LIABILITIES
//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //
TOTAL LIABILITIES
//$228,400// 100% // $176,750 // 100% //$134,750//100%//
Common Stock
/$163,500// 55% // $163,500 // 61% // $163,500 //67%//
Retained Earnings
//$131,100// 45% // $104,750 // 39% // $79,250 //33%//
TOTAL EQUITY
//$294,600// 100% //$268,250 //100%// $242,750 //100%//
TOTAL EQUITY + LIABILITIES
//$523,000// 100%// $445,000// 100%// $377,500// 100%//
